FINRA Files Proposed Rule Change Regarding Reporting Volume Information for Alternative Trading System

FINRA has filed with the SEC a proposal to amend rules regarding the reporting requirements for alternative trading systems ("ATS"). FINRA proposed to adopt amendments to FINRA Rule 4552 which would require each ATS to report weekly volume information and the number of trades regarding securities transactions to FINRA. FINRA also proposed to amend rules 6160, 6170, 6480 and 6720 to require each ATS to acquire and use unique market participant identifiers ("MIPD") when reporting information to FINRA. FINRA would then make the reported volume and trade count information publicly available on its website.

See: SEC Notice.